131 Smith Street, Fitzroy_Property for Sale

131 Smith Street, Fitzroy, VIC, 3065, AU

131 Smith Street, Fitzroy

Asset Description

JLL has the exclusive privilege of offering for sale this brand new retail investment at the base of the recently completed project – ‘131 Smith Street’, a high-end, carbon neutral development that has set a new benchmark for residential living in Fitzroy.

+ Landmark retail tenancy of 501sqm GLAR

+ Leased to NASDAQ listed ‘Lululemon Athletica’* (NASDAQ:LULU), leading global activewear brand with market capitalisation in excess of $32billion

+ Brand new 7+5+5 year lease from November 2024

+ Current Net Rent: $400,000 annum with 4% fixed annual rental growth

+ Tenant pays ALL outgoings including land tax

+ Brand new fit out offers potential for depreciation benefits

+ Includes 3 car spaces on title (only 1 assigned to lease)

+ Positioned on the ground floor of an newly completed project comprising 39 high-end apartments, selling in excess of $4.6m and designed by award winning architects ‘Freadman White’ and completed by renowned developer ‘Outline’

+ Prominent and high-profile position in the best section of Smith Street, Fitzroy, close to the corner of Gertrude Street

+ An unprecedented growth location on the cusp of the CBD, surrounded by hundreds of proposed/under construction apartments

*Wholly owned subsidiary of Lululemon Athletica Inc.

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive JLL selling agents

Jesse Radisich

0402 085 702

jesse.radisich@jll.com

Tim Carr

0415 767 915

tim.carr@jll.com

Jarrod Herscu